1. US stocks rose strongly to new record highs overnight, as markets continue to shake off escalating trade tensions around the globe. The Dow Jones hit a fresh peak for the first time since January, and ASX futures are pointing higher.

2. Data overnight showed US household wealth also rose to a new record high in the June quarter, while the latest OECD forecasts predict the US economy is set to expand by 2.9% this year, which would be the fastest rate of growth since 2005.

3. But despite a booming economy, currency markets hammered the greenback again as the USD index fell to a 10-week low. Both the euro and pound posted 1% gains, EM currencies were higher and the Kiwi dollar was the star performer in the commodity bloc after yesterday’s strong GDP print.

4. Benchmark US 10-year bond yields remain elevated above 3%. But although US 10-years are up 20 basis points in September, the MOVE index for treasury volaility remains low — as opposed to February this year when a jump in yields sparked a round of panic in share markets.

5. In commodities, iron ore prices fell amid reports Chinese steel demand may have peaked, while oil declined from its weekly highs near $US80 a barrel but still held above key resistance levels. Gold was up on a weaker US dollar and copper is around 5% higher for the week.

6. And hackers have stolen $US60 million worth of crypto from a Japanese exchange in the second biggest heist of the year, but Bitcoin prices were little-changed at around $US6,400 overnight.